LPL Financial LLC Decreases Stock Holdings in Ternium S.A. (NYSE:TX)

LPL Financial LLC lowered its position in shares of Ternium S.A. (NYSE:TX) by 52.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 32,185 shares of the basic materials company’s stock after selling 36,069 shares during the quarter. LPL Financial LLC’s holdings in Ternium were worth $936,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Ternium in the 4th quarter valued at approximately $54,000. R Squared Ltd purchased a new stake in shares of Ternium in the 4th quarter worth approximately $88,000. SBI Securities Co. Ltd. bought a new position in Ternium during the 4th quarter valued at approximately $104,000. Atria Wealth Solutions Inc. purchased a new position in Ternium during the fourth quarter valued at $204,000. Finally, Principal Financial Group Inc. boosted its holdings in Ternium by 11.6% in the fourth quarter. Principal Financial Group Inc. now owns 91,138 shares of the basic materials company’s stock worth $2,650,000 after acquiring an additional 9,459 shares in the last quarter. Institutional investors own 11.98% of the company’s stock.

Ternium Stock Performance

NYSE TX opened at $27.38 on Monday. The company has a quick ratio of 1.67, a current ratio of 2.88 and a debt-to-equity ratio of 0.11. Ternium S.A. has a twelve month low of $24.00 and a twelve month high of $44.25. The business has a 50-day moving average price of $29.74 and a 200-day moving average price of $31.22. The firm has a market cap of $5.49 billion, a price-to-earnings ratio of -97.79, a price-to-earnings-growth ratio of 0.38 and a beta of 1.56.

Ternium (NYSE:TX) last announced its quarterly earnings results on Tuesday, February 18th. The basic materials company reported ($0.42) EPS for the quarter, missing the consensus estimate of $0.97 by ($1.39). Ternium had a positive return on equity of 1.82% and a negative net margin of 0.31%. The company had revenue of $3.88 billion during the quarter, compared to analysts’ expectations of $4.18 billion. As a group, equities research analysts predict that Ternium S.A. will post 4.37 EPS for the current fiscal year.

Ternium Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Friday, May 9th will be issued a $1.80 dividend. This is a boost from Ternium’s previous semi-annual dividend of $0.09. The ex-dividend date of this dividend is Friday, May 9th. This represents a dividend yield of 10.3%. Ternium’s payout ratio is -1,285.71%.

Analyst Upgrades and Downgrades

TX has been the topic of a number of analyst reports. Bank of America reiterated an “underperform” rating and issued a $25.00 price target on shares of Ternium in a research note on Monday, April 7th. UBS Group initiated coverage on shares of Ternium in a research report on Wednesday, March 12th. They set a “neutral” rating and a $32.00 price target for the company. Finally, The Goldman Sachs Group lowered their price objective on Ternium from $39.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $37.00.

Ternium Profile

Ternium SA, together with its subsidiaries, manufactures and distributes steel products in Mexico, Southern Region, Brazil, and internationally. It operates through three segments: Steel, Mining, and Usiminas. The Steel segment offers slabs, hot and cold rolled products, coated products, roll formed and tubular products, bars, billets, and other products.